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the federal government is 93% of all student loans. when we talk about the student lending market, this is the education department we are talking about. host: let's continue with calls. we have 10 more minutes on college costs and student loans. go ahead with your comments. caller: hello? host: you are on the air. caller: thank you. is anything being done about the schools for profit that advertise all kinds of deceiving things to the students to lure them into programs where there is no job market? what person was told that he would have a great future as an engineer. there are no jobs available. he is $100,000 in debt. talk to me about for-profit schools. host: josh mitchell. guest: the obama administration really wants to crack down on the for-profit school issue. one thing they have done is that they have tried to strengthen the rules that too many other students are defaulting defaulting on their loans within two or three years of graduating, they will take away any federal aid from that school. the other thing they have tried to
the federal government is 93% of all student loans. when we talk about the student lending market, this is the education department we are talking about. host: let's continue with calls. we have 10 more minutes on college costs and student loans. go ahead with your comments. caller: hello? host: you are on the air. caller: thank you. is anything being done about the schools for profit that advertise all kinds of deceiving things to the students to lure them into programs where there is no job...
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Jan 14, 2013
01/13
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government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't doing it just to respond to government pressure. they were immensely profitable, incredible amounts of money were made making these loans in junk fees and interest rates. until the music stopped, they were extremely profitable to banks. it wasn't just that day were being charitable. it was a goal for them to increase their earnings. the reselling of the mortgages was so powerfully profitable on wall street. it is the joining of the hands between the government and private sector to push for home ownership that is the starting po
government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't...
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Jan 9, 2013
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government can do. can do. that is how and where we will lead new jersey in the months and years ahead. [applause] there is no question that sandy hit us hard, but there is also no question that we're fighting back with everything we've got. sandy took a toll on new jersey's economy. just when we were coming back from the national recession, sandy disrupted our economic life -- cars weren't bought, homes weren't sold, and factories couldn't produce. from those things we can catch up, and we are catching up. but make no mistake, as common sense would tell you, sandy hurt new jersey's economy. some losses we will never get back -- electric power that wasn't produced, visitors who didn't come to our casinos or our downtown centers. in all, sandy cost us over 8,000 jobs in november, mostly in our leisure and hospitality industries. but we were relatively fortunate. louisiana lost 127,000 jobs after hurricane katrina. sandy may have stalled new jersey's economy, but there is plenty of evidence that new jerseyans hav
government can do. can do. that is how and where we will lead new jersey in the months and years ahead. [applause] there is no question that sandy hit us hard, but there is also no question that we're fighting back with everything we've got. sandy took a toll on new jersey's economy. just when we were coming back from the national recession, sandy disrupted our economic life -- cars weren't bought, homes weren't sold, and factories couldn't produce. from those things we can catch up, and we are...
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Jan 14, 2013
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in any year under his government. the truth is this. the right honorable gentleman talks about promises, but let us have a little audit of his promises. he promised us a fully costed deficit reduction program, but we have had nothing. he promised us proper reforms of welfare, but we have had nothing, and he promised us that he would show how he would have a new policy on tuition fees, but we have had nothing. i have audited all of the government's spending programs and i have identified one where the waste is simply appalling -- the £5 million of short money that goes to the labour party every year -- we get nothing from it. >> the more the prime minister rants and blusters, the less convincing he is. the facts are these -- he is cutting the top rate of income tax by an average of £107,000 for everyone earning more than £1 million in britain at the same time as he is raising taxes on everyone else. what do we know from this week? we know that he is a pr man who cannot even do a relaunch. halfway through this parlia
in any year under his government. the truth is this. the right honorable gentleman talks about promises, but let us have a little audit of his promises. he promised us a fully costed deficit reduction program, but we have had nothing. he promised us proper reforms of welfare, but we have had nothing, and he promised us that he would show how he would have a new policy on tuition fees, but we have had nothing. i have audited all of the government's spending programs and i have identified one...
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Jan 10, 2013
01/13
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government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term cash needs. let's bring them in individually, if they are in financial distress, we will sit with them, come up with a restructuring plan that makes sense and we'll work with them on the restructuring plan. [applause] responding to the crisis, we have to do everything we've outlined above. but, we also have the added responsibility of needing to address hurricane sandy. let's start by learning what has happened. we temp paneled four commissions right after the hurricane to look at the varies aspects of the storm and lessons learned. they did extraordinary work and i ask us to give t
government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term cash needs. let's bring...
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Jan 12, 2013
01/13
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each department of government was reduced. an 8% cut in spending, in real dollars spent -- not against some phony baseline. but with this legislature's help, again we balanced the budget without raising taxes. because we had made the tough choices, last year's budget was a bit easier. we were able not only to balance the budget, but to actually begin to reduce taxes by enacting the first year of tax relief for job-creating small businesses in new jersey. meanwhile, we devoted a record amount in aid to schools in new jersey. and in the budget which governs the current year, even with growth in the national economy slowing again, we have been able to achieve balance with not only no new taxes, but with a second year of small business tax relief. and let me make this point clearly and unequivocally. despite the challenges that sandy presents for our economy, i will not let new jersey go back to our old ways of wasteful spending and rising taxes. we will deal with our problems but we will continue to do so by protecting the hard-e
each department of government was reduced. an 8% cut in spending, in real dollars spent -- not against some phony baseline. but with this legislature's help, again we balanced the budget without raising taxes. because we had made the tough choices, last year's budget was a bit easier. we were able not only to balance the budget, but to actually begin to reduce taxes by enacting the first year of tax relief for job-creating small businesses in new jersey. meanwhile, we devoted a record amount in...
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Jan 12, 2013
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folks in the government, they need to figure out how to open the door. sometimes you need a big key. you need to figure out tough company nations of the locks. if you can make those changes, the investment will port into the new opportunities. >> we are talking with reed hundt and blair levin. they are discussing their book "the politics of abundance: how technology can fix the budget, revive the american dream, and establish obama's legacy." one of the examples that you put in your book is what is happening right now in kansas city with google. are you supportive of that project? how does that project plate into the politics of abundance? >> i do not work with google. let me give you my interpretation. blair's broadband plan --they said, let's see if we can do this in kansas city. it is tremendous when a business empowers people in its own shops and have that kind of initiative. it is resonating in other cities and states as well. they are following their own method to get similar results. >> they have announced a deployment that i think -- not as large
folks in the government, they need to figure out how to open the door. sometimes you need a big key. you need to figure out tough company nations of the locks. if you can make those changes, the investment will port into the new opportunities. >> we are talking with reed hundt and blair levin. they are discussing their book "the politics of abundance: how technology can fix the budget, revive the american dream, and establish obama's legacy." one of the examples that you put in...
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Jan 13, 2013
01/13
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his clothes are a step up from what he had in government work. it does show there is life after government service. good to see you again. in three days, we will mark the anniversary of the 9/11 attacks. we have to take a look at the hard work we have done to disrupt the finances of terrorist networks. what i would like to do is summarize the threats we face in the broader strategic environment in which our counter-terrorism efforts take place. the death of osama bin laden marked a milestone in our efforts to defeat al qaeda. al qaeda's ranks have been decimated. more key leaders have been eliminated in rapid succession at any time since 9/11. virtually every major a al qaeda affiliate has lost its key leader or operational commander. more than half of their top leadership has been eliminated. al qaeda is on the ropes and continues to get pummeled. however, his death and the capture of many other al qaeda leaders and operatives do not mark the end of al qaeda or its continued plotting against the united states and other countries. the preeminent
his clothes are a step up from what he had in government work. it does show there is life after government service. good to see you again. in three days, we will mark the anniversary of the 9/11 attacks. we have to take a look at the hard work we have done to disrupt the finances of terrorist networks. what i would like to do is summarize the threats we face in the broader strategic environment in which our counter-terrorism efforts take place. the death of osama bin laden marked a milestone in...
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Jan 14, 2013
01/13
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so can governments. both say, there are going to be cases where we need government to do certain things for us. the balance of evidence should be very strong in saying we need to do it. also, the balance of benefits vs. costs should be very high before we trust government to do these things. what milton friedman does is look at policies and say, is this working back he was instrumental in ending the draft. about why the draft was not necessary, why it was better to have a volunteer army, and so on. that is his way of thinking. a friend of mine once asked if there is a particular vice among libertarians, a thing they make a mistake on? i do not think this is true of friedman. the quality of government varies from one place to another. denmark has an extensive welfare state and it works very well. you cannot go, what a horrible country. what they are doing, they do well. what switzerland does, it does well. when we try to do it, we do not do it well. maybe we are too big of a country. institutions that wor
so can governments. both say, there are going to be cases where we need government to do certain things for us. the balance of evidence should be very strong in saying we need to do it. also, the balance of benefits vs. costs should be very high before we trust government to do these things. what milton friedman does is look at policies and say, is this working back he was instrumental in ending the draft. about why the draft was not necessary, why it was better to have a volunteer army, and so...
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Jan 14, 2013
01/13
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government does not want to release. when those decisions were made by the task force, slightly less than 30, i believe, some of those were put forward for trial, recommended for trial. some were recommended for indefinite suspension without charge or trial, because the government said they were too dangerous to police and did not have sufficient evidence to put them on trial. it is important we remain focused for now on the prisoners who were cleared. if officials approve these prisoners to transfer out of guantanamo, all that's required is the most minimal kind of supervision. it's not the suggestion they should go from one prison to another. it is that they should be released. primarily, because lawyers are involved. it is not just for reasons of security that they approved people for transferred rather than actually saying cleared for release. let them go free. because the lawyers are saying don't ever underestimate responsibility for them, because then we will get sued. these people are not dangerous. thehaving to c
government does not want to release. when those decisions were made by the task force, slightly less than 30, i believe, some of those were put forward for trial, recommended for trial. some were recommended for indefinite suspension without charge or trial, because the government said they were too dangerous to police and did not have sufficient evidence to put them on trial. it is important we remain focused for now on the prisoners who were cleared. if officials approve these prisoners to...
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Jan 13, 2013
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government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave, because i only wanted people with fire in the belly, because we have a limited amount of time to do good in the construction in afghanistan. i have used that fire in the belly speech so much that my chief of staff has coined a new term called "fitb." it has worked. i am proud of my 200 agents, auditors, and investigators, because they all have that fire in the belly. they can work elsewhere. some of them are working in the worst conditions. they're working in conditions as bad as our military is in afghanistan. many of them are
government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave,...
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Jan 11, 2013
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government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave, because i only wanted people with fire in the belly, because we have a limited amount of time to do good in the construction in afghanistan. i have used that fire in the belly speech so much that my chief of staff has coined a new term called "fitb." it has worked. i am proud of my 200 agents, auditors, and investigators, because they all have that fire in the belly. they can work elsewhere. some of them are working in the worst conditions. they're working in conditions as bad as our military is in afghanistan. many of them are
government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave,...
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Jan 8, 2013
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states government. i get engaged in many projects. i also worked as an adviser to isaf. i was one of those who worked on the white papers. we looked at it and analyze it and came up with recommendations. it is not just the international committee who created corruption. it is the government, because the structure of the society and the people he is surrounded himself with our -- are very irresponsible and they only care are how to get rich quick. whothey're rewarding those gave the bad name to the private sector. even the government. the united states has been insulted with all of its billions of dollars and its blood, they have never been insulted so much in any other part of the world than they have been in afghanistan. host: are you're originally from that country? caller: yes, i am originally from that country and i'm an engineer. i have been working there since 2002. host: can you describe for americans how money is exchanged in afghanistan? caller: money to exchange, or money spent? host: both, or
states government. i get engaged in many projects. i also worked as an adviser to isaf. i was one of those who worked on the white papers. we looked at it and analyze it and came up with recommendations. it is not just the international committee who created corruption. it is the government, because the structure of the society and the people he is surrounded himself with our -- are very irresponsible and they only care are how to get rich quick. whothey're rewarding those gave the bad name to...
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Jan 11, 2013
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younger generations are very confident in government programs. they think they run better than older adults do in a variety of ways, whether with respect to the environment or something else. and with regard to social security, when it comes to something the republicans have put forward, the idea of privatizing social security and allowing people to put money in their accounts, that is a popular idea among the underwriters. -- younger voters. older voters are very skeptical about shifting back. host: here are the numbers. fill in the context. guest: young voters are concerned about what is being taken from their paychecks may not be available when they get there. it is not that they resent their grandparents or their parents, but the concern is that they look forward to their own situation. is it going to be there for them? host: arizona prepared identifies himself as a 36-55 years old. caller: i know the younger callers there said he would like to opt out of social security. but if he gets a disease and it takes him down, that is what medicare a
younger generations are very confident in government programs. they think they run better than older adults do in a variety of ways, whether with respect to the environment or something else. and with regard to social security, when it comes to something the republicans have put forward, the idea of privatizing social security and allowing people to put money in their accounts, that is a popular idea among the underwriters. -- younger voters. older voters are very skeptical about shifting back....
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Jan 12, 2013
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we can be facing a government shutdown. there is a tremendous amount of uncertainty about the f.y. 13. >> the $4 billion that would be moved to f.y. 14 that would happen regardless if sequestration happens or not? >> yes. you have an initial cap. the f.y. 14 cap has been reduced by $4 billion. if sequestration goes into effect stays in effect that gets reduce. so if sequestration is avoided it stays less than what they were planning on. >> is there any doubt in your mind that across the board cuts would be at the level -- which is their understanding which is defined as e.p. or not? >> sequestration has happened before. it has been applied several times before. based on that precedent i would say it would be applied at the lowest level that congress appropriates money. that's what the law says. i don't see how they can interpret differently at this point. >> so not knowing -- maybe you know what they are going to do by march 1. so is there anything out there that would change the budget cap -- is that something that could b
we can be facing a government shutdown. there is a tremendous amount of uncertainty about the f.y. 13. >> the $4 billion that would be moved to f.y. 14 that would happen regardless if sequestration happens or not? >> yes. you have an initial cap. the f.y. 14 cap has been reduced by $4 billion. if sequestration goes into effect stays in effect that gets reduce. so if sequestration is avoided it stays less than what they were planning on. >> is there any doubt in your mind that...
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Jan 7, 2013
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be government has distorted acres. -- figures. they have to cut everyone who works for the federal government so they understand they are servants of the americans, not the other way around. if they start doing away with some of these departments that do nothing and make growth and possible in this country. we must wake up. host: are you concerned about the debt limit? there has been some enabling of the accounting so we we have more time before we hit that limit. caller: the government is spending money faster than they had the authority to borrow. we are going to have to make good for the money we have spent. in the future, we have to get the percentage of the gdp that is spent on government down to a reasonable level. it is growing .25% under obama. -- 25% under obama. that is an unsustainable level. it is choking the private sector of this country. >> president obama has vowed not to negotiate over the debt ceiling again. we hear from minority leader nancy pelosi. the congresswoman from california. she was on "face the nation.
be government has distorted acres. -- figures. they have to cut everyone who works for the federal government so they understand they are servants of the americans, not the other way around. if they start doing away with some of these departments that do nothing and make growth and possible in this country. we must wake up. host: are you concerned about the debt limit? there has been some enabling of the accounting so we we have more time before we hit that limit. caller: the government is...
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Jan 14, 2013
01/13
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government does not want to release. when those decisions were made by the task force, slightly less than 30, i believe, some of those were put forward for trial, recommended for trial. some were recommended for indefinite suspension without charge or trial, because the government said they were too dangerous to police and did not have sufficient evidence to put them on trial. it is important we remain focused for now on the prisoners who were cleared. if officials approve these prisoners to transfer out of guantanamo, all that's required is the most minimal kind of supervision. it's not the suggestion they should go from one prison to another. it is that they should be released. primarily, because lawyers are involved. it is not just for reasons of security that they approved people for transferred rather than actually saying cleared for release. let them go free. because the lawyers are saying don't ever underestimate responsibility for them, because then we will get sued. these people are not dangerous. i'm having to
government does not want to release. when those decisions were made by the task force, slightly less than 30, i believe, some of those were put forward for trial, recommended for trial. some were recommended for indefinite suspension without charge or trial, because the government said they were too dangerous to police and did not have sufficient evidence to put them on trial. it is important we remain focused for now on the prisoners who were cleared. if officials approve these prisoners to...
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Jan 8, 2013
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states government. i get engaged in many projects. i also worked as an adviser to our south -- to isaf. i was one of dupnik people who worked on the white papers. we looked at it, -- i was one of those who worked on the white papers. we looked at it and analyze it and came up with recommendations. it is not just the international committee who created corruption. it is the government, because the structure of the society and the people he is surrounded himself with our -- are very irresponsible and they only care are how to get rich quick. notand they're rewarding thoseo gave the bad name to the private sector. even the government. the united states has been insulted with all of its building -- billions of dollars and its blood, they have never been insulted so much in any other part of the world than they have been in afghanistan. host: are you're originally from that country? caller: yes, i am originally from that country and i'm an engineer. i have been working there since 2002. host: can you describ
states government. i get engaged in many projects. i also worked as an adviser to our south -- to isaf. i was one of dupnik people who worked on the white papers. we looked at it, -- i was one of those who worked on the white papers. we looked at it and analyze it and came up with recommendations. it is not just the international committee who created corruption. it is the government, because the structure of the society and the people he is surrounded himself with our -- are very irresponsible...
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Jan 12, 2013
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government, neither government is asking me, you do not have to worry. i tell them to just shut up, sit down, and what the process developed. do not yet involved. this may be the position that the individual governments might take, but certainly in the times of the democratic systems which are difficult to control and put any order in terms of our respected congressional responses. this is totally uncontrollable. we will see too much commentary that will not be helpful. in the united states we have reform, to issues of a reform agenda which will prove to be highly contentious, which will have implications for mexico. the other is gun control. on immigration there seems to be a consensus in sales last election that something must be done. even for political reasons it seems to be within the republican party and intend to do something. be on that, there is no real consensus. once we get into it, and i think we will, i think president obama is obliged to push the issue, we will find that all of the issues that have pledged every effort have played this for
government, neither government is asking me, you do not have to worry. i tell them to just shut up, sit down, and what the process developed. do not yet involved. this may be the position that the individual governments might take, but certainly in the times of the democratic systems which are difficult to control and put any order in terms of our respected congressional responses. this is totally uncontrollable. we will see too much commentary that will not be helpful. in the united states we...
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Jan 9, 2013
01/13
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we think less government create bigger economy, not more government. host: chris chocola, thanks for talking to our viewers. coming up next, we will focus on the leadership of the house gop. first, a news update from c-span radio. but it is 9:14 a.m. eastern time. the presidential inaugural committee is set to announce that at the swearing-in ceremony for president obama and vice president biden, a fiancee will sing the national anthem. kelly -- beyonce will sing the national anthem. kelly clarkson will sing "my country 'tis of thee." james taylor will sing -- you can watch the swearing-in on c-span. a man accused of stealing a truck containing president obama's audio equipment is scheduled to plead guilty today. a 2005 ford van containing podiums and electronic equipment used by the president was going doss stolen from a hotel parking lot last october. and the band -- was stolen from a hotel parking lot last october and recovered the next day. it happened just ahead of a visit by obama to a richmond fire station where he promoted his jobs plan. vice p
we think less government create bigger economy, not more government. host: chris chocola, thanks for talking to our viewers. coming up next, we will focus on the leadership of the house gop. first, a news update from c-span radio. but it is 9:14 a.m. eastern time. the presidential inaugural committee is set to announce that at the swearing-in ceremony for president obama and vice president biden, a fiancee will sing the national anthem. kelly -- beyonce will sing the national anthem. kelly...
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Jan 13, 2013
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this is not the way to run government. no small businessman in america would borrow money to keep the business afloat and then say later to the bank i'm not going to pay you money. he wouldn't get a line of credit in the future. we have to pay our bills. what we do in the future is very important. that's where i go back to these long-term deals that deal with these fiscal issues that we have before us. but to hold people hostage, the american taxpayer hostage isn't the way to go. >> could i clarify? you said the only deficit we have is a jobs deficit. so if we fix the economy, social security and medicare don't need any fixing? the plans are fine as they operate? >> our biggest deficit is the jobs deficit because if you get people back to work, they're paying their fair share of taxes. if they're paying their fair share of taxes the treasury is receiving revenue. if the treasury is receiving more revenue the deffssiths shrink. we can't cut our way to prosperity. we need to grow our economy and the best way is to put americ
this is not the way to run government. no small businessman in america would borrow money to keep the business afloat and then say later to the bank i'm not going to pay you money. he wouldn't get a line of credit in the future. we have to pay our bills. what we do in the future is very important. that's where i go back to these long-term deals that deal with these fiscal issues that we have before us. but to hold people hostage, the american taxpayer hostage isn't the way to go. >> could...
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Jan 11, 2013
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government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave, because i only wanted people with fire in the belly, because we have a limited amount of time to do good in the construction in afghanistan. i have used that fire in the belly speech so much that my chief of staff has coined a new term called "fitb." it has worked. i am proud of my 200 agents, auditors, and investigators, because they all have that fire in the belly. bacon work elsewhere. some of them are working in the worst conditions. they're working in conditions as bad as our military is in gh
government agency in afghanistan. we have 16 people on the ground right now including the largest cadre of auditors and criminal investigators. more than the fbi. it's not just our size, mandate, or unique authority that is important. it is how we and how i view our mission and how our agency sees that mission. when i joined sigar, i made it clear on the first day that you should view this as a mission and not as a job. if you see this as a job, as a place to retire in place, you should leave,...
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the reason is the united states government, the u.s. department of treasury through tax law, does not allow those loans to be sold out. when you come back to the legal analysis figuring out whether m.r.p.'s proposal would violate interstate commerce, the answer is the loans are already regulated in these trusts. it does allow them to be written down antowain trust as long as the servicer believes that is in the best interest of the investors. they would have you believe that the servicers in fact are not operating on behalf of the best interest of the investors. they are being duped by the servicer not to do the right thing on their loans. i have a very hard time going back to institutional investors who manage trillions of dollars of assets on behalf of pension earners going back to them and saying you're irrational. you don't know what you're doing. go tell those servicers to write down massive amounts of principal. that's in your best interest. if they thought that, they would be doing that. if someone loses their job and has negativ
the reason is the united states government, the u.s. department of treasury through tax law, does not allow those loans to be sold out. when you come back to the legal analysis figuring out whether m.r.p.'s proposal would violate interstate commerce, the answer is the loans are already regulated in these trusts. it does allow them to be written down antowain trust as long as the servicer believes that is in the best interest of the investors. they would have you believe that the servicers in...
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Jan 13, 2013
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the government was completely ostracized. there was not a single government except pakistan. it was living in a time warp. therefore, it was possible for al qaeda to be the master of taliban leadership and have a free hand over -- i do not think that kind of situation is able to return. now that the world is focused on afghanistan. >> i would prepare to spend a few billion dollars to make sure. >> thank you. i work for voice of america. thanks for the discussion and insight. the first question is the presence of the u.s. troops. there is a possibility that came out yesterday, how will be perceived in pakistan and you're trying to reject the taliban government. where did you see them, on the mountains or on the streets of kabul? we do not see a better political setup in afghanistan from that side. where do you see them, then? thank you. >> the first question about how well pakistan -- will pakistan see the continued u.s. presence, there is one pakistan government and my anticipation is there will except the agreement at the u.s. government. this is basically a problem between
the government was completely ostracized. there was not a single government except pakistan. it was living in a time warp. therefore, it was possible for al qaeda to be the master of taliban leadership and have a free hand over -- i do not think that kind of situation is able to return. now that the world is focused on afghanistan. >> i would prepare to spend a few billion dollars to make sure. >> thank you. i work for voice of america. thanks for the discussion and insight. the...
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government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint efrlt, joint task force -- effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term cash needs. let's bring them in individually, if they are in financial distress, we will sit with them, come up with a restructuring plan that makes sense and we'll work with them on the restructuring plan. [applause] responding to the crisis, we have to do everything we've outlined above. but, we also have the added responsibility of needing to address hurricane sandy. let's start by learning what has happened. we temp paneled four commissions right after the hurricane to look at the varies aspects of the storm and lessons learned. they did extraordinary
government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint efrlt, joint task force -- effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term...
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Jan 9, 2013
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cut more than 20,000 government jobs. in 2012, we had fewer state government employees than at any time since governor whitman left office in january 2001. we promised to reduce the size of government, and we have delivered. we have also held the line on taxes. we have held the line on spending. we have made new jersey a more attractive place in which to grow a business, to grow jobs, to raise a family. this legislature knows the history. in fiscal year 2010, we faced a $2 billion budget deficit with only 5 1/2 months left in the fiscal year when we took office. we cut over 200 programs and balanced the budget with no new taxes. in fiscal year 2011, the picture was even worse -- a projected $11 billion deficit on a budget of $29 billion -- in percentage terms, the worst in the nation. in total, we cut 832 programs. each department of government was reduced. an 8% cut in spending, in real dollars spent -- not against some phony baseline. but with this legislature's help, again we balanced the budget without raising taxes.
cut more than 20,000 government jobs. in 2012, we had fewer state government employees than at any time since governor whitman left office in january 2001. we promised to reduce the size of government, and we have delivered. we have also held the line on taxes. we have held the line on spending. we have made new jersey a more attractive place in which to grow a business, to grow jobs, to raise a family. this legislature knows the history. in fiscal year 2010, we faced a $2 billion budget...
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Jan 8, 2013
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those range from corporate and government malfeasance on the management size and frustration that government seems more interested in appearing leaderful then in any kind of inclusive atmosphere. the list of aims goes way on. a question for me was not about establishing aims or announcing them so the public could be satisfied. at the occupy experience for me was about finding the low- hanging fruit. the things that fundamentally contradicted systems of justice that we have all set up in equity where we all assumed it should be all of us. the rich and the poor. if you were to say out loud some of the things that are being done in government and finance, no one would be able to say that they were ok without sharp reprisal. the fact that we do not say these things out loud and to not say them out loud regularly is really the only reason that i can understand that they do not get taken care, dismissed, changed at all. that was my corps participation in occupy. to find these things together and then to find a way to make change together. i will then echo what was said prior to me that nothing wen
those range from corporate and government malfeasance on the management size and frustration that government seems more interested in appearing leaderful then in any kind of inclusive atmosphere. the list of aims goes way on. a question for me was not about establishing aims or announcing them so the public could be satisfied. at the occupy experience for me was about finding the low- hanging fruit. the things that fundamentally contradicted systems of justice that we have all set up in equity...
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Jan 14, 2013
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government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't doing it just to respond to government pressure. they were immensely profitable, incredible amounts of money were made making these loans in junk fees and interest rates. until the music stopped, they were extremely profitable to banks. it wasn't just that day were being charitable. it was a goal for them to increase their earnings. the reselling of the mortgages was so powerfully profitable on wall street. it is the joining of the hands between the government and private sector to push for home ownership that is the starting po
government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't...
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i'm a guest scholar in governance studies here at brookings. it's very good of you to come on a cold day when so much else is going on in washington. some of you may have heard the two states that legalized marijuana. the news may have trickled out that washington and colorado did this in november. there has been some discussion of the drug policy implication. but today we're going to try to put your heads and ours in a different space and try to think about the power implications of this. i'm a fan of short intro ducks, the thank yous and the bios, not much else but i'll make a slight exception. after thanking of course all of you second our panelists are a true a-team, two of whom came from out west to be with us today. the washington office on latin america and not least the donors who made this session possible including peter louis to whom we're very grateful. the reason this is we think a very good moment to nut dialogue on a separate track is that we're in a period on federalism. that's state federal relations the likes of what we have n
i'm a guest scholar in governance studies here at brookings. it's very good of you to come on a cold day when so much else is going on in washington. some of you may have heard the two states that legalized marijuana. the news may have trickled out that washington and colorado did this in november. there has been some discussion of the drug policy implication. but today we're going to try to put your heads and ours in a different space and try to think about the power implications of this. i'm...
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addenda the government's 75%. those figures compare favorably to comparable polling had been to of the united states. 79% of the other people think of the government is corrupt. it is much as the favor given the posters of the answers they thought they wanted. they were critical of the government. they also seem to have a more balanced approach. the insight the government on balance in their lifetime at the same time they feel it is a very corrupt and something ought to be done about it. >> more afghans thought the election was -- had been very corrupt and had been very satisfied with the result. so they can hold both concepts that are the media, which seems able to do. we recently did a study assumes to press against any and embarrass perspective. we looked at 20 post conflict read election conflicts, peacekeeping and peace enforcement efforts, the biggest fear -- the big enforcement efforts. the monthly smaller u. n ones and a dozen or more other places. we evaluated them on and at the of places. also, did they
addenda the government's 75%. those figures compare favorably to comparable polling had been to of the united states. 79% of the other people think of the government is corrupt. it is much as the favor given the posters of the answers they thought they wanted. they were critical of the government. they also seem to have a more balanced approach. the insight the government on balance in their lifetime at the same time they feel it is a very corrupt and something ought to be done about it....
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and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my family have been willing to allow me to do this and i think them for their support and their patients, and i understand there are occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil servants of the treasury, with whom i started working in 1988. they are exceptional public servants. i am very proud of what you accomplished and i am very confident my successor will find them to be the extraordinary assets they are to the nation. i am also hopeful that americans will look to the challenges we face today and decide, as many in this room have, that despite the divisive state of our political system today that serving your count
and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my family have been willing to allow me to do this and i think them for their support and their patients, and i understand there are occasional impatience....
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Jan 11, 2013
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the pro-government. it is a 14% return on investment. nontraditional students were older, it is not as much of an advantage to the federal government, but there is still a financial return to the federal government. we should stop thinking about this as being a personal benefit to the student, but as a benefit also to the government. besides just financial, there are all sorts of good that flow from ira education, whether it is lower crime rate, healthier, more civic participation, more likely to vote. there is a lot of good that stems from a college education. as a society we should be putting the highest possible priority on this and not the lowest possible priority. the states, the first place they cut, federal government. not even in the top-10 parties for the federal budget. we get what we sow. we should think about where we want our society to be in a few decades or if you hundred years. the way to do that for an ever improving society is improving education, not cutting the one thing that is a rea
the pro-government. it is a 14% return on investment. nontraditional students were older, it is not as much of an advantage to the federal government, but there is still a financial return to the federal government. we should stop thinking about this as being a personal benefit to the student, but as a benefit also to the government. besides just financial, there are all sorts of good that flow from ira education, whether it is lower crime rate, healthier, more civic participation, more likely...
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government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term cash needs. let's bring them in individually, if they are in financial distress, we will sit with them, come up with a restructuring plan that makes sense and we'll work with them on the restructuring plan. [applause] responding to the crisis, we have to do everything we've outlined above. but, we also have the added responsibility of needing to address hurricane sandy. let's start by learning what has happened. we temp paneled four commissions right after the hurricane to look at the varies aspects of the storm and lessons learned. they did extraordinary work and i ask us to give t
government reform also has to be brought to local governments. which like the state are facing difficult financial difficulties. we propose setting up the financial restructuring system prom. it will be a joint effort joint task force. to help work that locality through its financial problems. there is no one size fits all. i'm looking at a number of cities and they are all in different situations. some have too much debt, some have high expenses, some have short-term cash needs. let's bring...
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but isn't it now time to govern, and isn't the best way to govern to sit down with people from the other party and from both houses and say this is an issue we must resolve for the good of the american people? so i hope that, again, the president will spend some time with the leaders on borat parties in the oval office and sitting down, and ironing this -- ironing this out before the people of this country pay a very heavy price. my friend from south carolina was around when we almost went over the cliff the last time, as we were about to shut down the government and it was all kinds of consequences but we pulled back from the brink after going over it, and it was the most serious of all these that i've seen. and i guess i would ask him, isn't it true that in our experience that presidents, whether they be republican or democrat, no matter what party or affiliation, going back to the famous ronald reagan and tip o'neill relationship where they sat down together and they saved social security for about 25 years, and it was tough medicine but they did it together, the president of the unit
but isn't it now time to govern, and isn't the best way to govern to sit down with people from the other party and from both houses and say this is an issue we must resolve for the good of the american people? so i hope that, again, the president will spend some time with the leaders on borat parties in the oval office and sitting down, and ironing this -- ironing this out before the people of this country pay a very heavy price. my friend from south carolina was around when we almost went over...
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we also discussed all aspects of transition to afghan government and security. i am very happy to hear from the president as we also discussed it earlier that in the spring this year the afghan forces will be fully responsible for providing security and protection to the afghan people and that the international forces will be no longer president in afghan villages, that the task will be that of the afghan forces to provide for the afghan people in security and protection. that we also agreed on the steps that you should be taking in the peace process, which is giving sovereignty to afghanistan. we agreed on allowing the taliban have an office, where the taliban will engage in direct talks with the representatives of the afghan high council for peace, where we will be seeking that help of relevant reasonable countries, including pakistan, where we will try our best together with the other allies to return peace and stability to afghanistan as soon as possible and employee in all the means that are within our power to do that, so that the afghan people can live in
we also discussed all aspects of transition to afghan government and security. i am very happy to hear from the president as we also discussed it earlier that in the spring this year the afghan forces will be fully responsible for providing security and protection to the afghan people and that the international forces will be no longer president in afghan villages, that the task will be that of the afghan forces to provide for the afghan people in security and protection. that we also agreed on...
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Jan 11, 2013
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government has the same fire in the belly. when we refer companies or individuals for suspension and debarment, those individuals are not acted on expeditiously as we want. we have proposed granting sigar or the theater commanders that can allowance to get rid of bad actors as soon as we find them. we are also working more closely than any other law enforcement agency with the afghan police and prosecutors to get afghan's charged, tried, and convicted in afghan accords for bribery and corruption. remember, this may sound odd to you, why are we using u.s. court stepped in afghanistan, unlike in iraq where u.s. contractors were predominant, the u.s. government promoted an afghan- first initiative which emphasized prioritizing contracts with afghan-owned and operated companies. that is why in order to fulfil our mission of combating fraud, in many cases, we need to work through the f. kennan law enforcement and legal system when we uncover criminal activity. that is a challenge but it has paid dividends. just recently, a prominen
government has the same fire in the belly. when we refer companies or individuals for suspension and debarment, those individuals are not acted on expeditiously as we want. we have proposed granting sigar or the theater commanders that can allowance to get rid of bad actors as soon as we find them. we are also working more closely than any other law enforcement agency with the afghan police and prosecutors to get afghan's charged, tried, and convicted in afghan accords for bribery and...
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it is the fact that the government spends too much. i might be new to washington, but i'm no stranger to making tough traces. i'm honored to serve the people of nebraska. i stand ready to work with the president and my colleagues from both sides of the aisle to tighten watching tod's belt and cut spending. our economy and -- tighetning our nation's belt and cut spending. together we can do this. thank you and god bless the united states of america. >> our guests on "washington journal" is steve clemens and gary schmitt. ruchir sharma will discuss his book "breakout nations." "washington journal" live on c- span. >> this weekend on "
it is the fact that the government spends too much. i might be new to washington, but i'm no stranger to making tough traces. i'm honored to serve the people of nebraska. i stand ready to work with the president and my colleagues from both sides of the aisle to tighten watching tod's belt and cut spending. our economy and -- tighetning our nation's belt and cut spending. together we can do this. thank you and god bless the united states of america. >> our guests on "washington...
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Jan 14, 2013
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government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't doing it just to respond to government pressure. they were immensely profitable, incredible amounts of money were made making these loans in junk fees and interest rates. until the music stopped, they were extremely profitable to banks. it wasn't just that day were being charitable. it was a goal for them to increase their earnings. the reselling of the mortgages was so powerfully profitable on wall street. it is the joining of the hands between the government and private sector to push for home ownership that is the starting po
government is not the answer. they are admitting they are trying to correct the mistakes of the past by putting pressure on banks 10, 12 years ago as far as the placing pressure on banks to make loans more qualified. host: let's give gretchen morgenson a chance to respond. guest: i agree with the push for home ownership. it was the national partners in home ownership. it was a plan to push for this. the banks make a tremendous amount of money on these mortgages over the years. they weren't...
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if you want government to spend less money yes. but if you ask them to cut any particular thing on the bunlts -- budget, they don't really want to cut anything. roughly, lowest 10% and as high as 30%. so libertarians if they were kind of conscious and political they could be a big movement. they could be -- it could be a big group of people who have a shared ideology. but just for various reasons they're not organized that way right now. >> a political primer on libertarian. jason brennan on what you mite not know. sunday night at 8:00 on c-span's "q&a." >> now a discussion about legalizing marijuana and federal state relations. colorado and washington state recently legalized the recreational use of marijuana but it continues to be illegal under federal law. this is just over an hour and a half . >> welcome, everybody. thank you very much for coming. my name is jonathan roush. i'm a guest scholar in governance studies here at brookings. it's very good of you to come on a cold day when so much else is going on in washington. some o
if you want government to spend less money yes. but if you ask them to cut any particular thing on the bunlts -- budget, they don't really want to cut anything. roughly, lowest 10% and as high as 30%. so libertarians if they were kind of conscious and political they could be a big movement. they could be -- it could be a big group of people who have a shared ideology. but just for various reasons they're not organized that way right now. >> a political primer on libertarian. jason brennan...
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>> this is not an unusuall government power. it is probably one of the most commonly used government powers. there were lots of procedures developed over centuries. they are determining fair market value and property damage cases and on and on. this is not that unusual. i think the reason for so much foster nation by the mortgage investors is that it is so "scr ewed up" that they cannot trust anyone to protect your interest. they were being paid fair market value to what a seller would sell to a willing buyer. i do not think there would be much of a problem. their concern is that the server serves, the trustees will not protect their interests. if we can get past that, there should be some justice behind it. this can be a way to get control of the cycle of foreclosures and declining home values that we still have not broken. >> i would say that desperate times demand desperate responses. even though the market is stabilizing, many communities are hamstrung and harmed by extraordinary amounts of upside down debt. the eminent doma
>> this is not an unusuall government power. it is probably one of the most commonly used government powers. there were lots of procedures developed over centuries. they are determining fair market value and property damage cases and on and on. this is not that unusual. i think the reason for so much foster nation by the mortgage investors is that it is so "scr ewed up" that they cannot trust anyone to protect your interest. they were being paid fair market value to what a...
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government and the iran government on this issue. this is basically a problem between these two governments, it is not a problem with pakistan. you should know there is all kinds of spectrums in pakistan and there are many in pakistan, who i think, believe that the presence of foreign troops are also sustains the argument of the militants that they must continue this struggle as long as the forces are there. as i have said, there would be this perception that this issue, the continuation may also mean the continuation of these kinds of activities that the counter argument that these activities must stop may be weakened. but these are varies parties, varies groups that have those kind of views. as far as the government is concerned, i anticipate that it will be accepting. the other thing, the taliban are nowhere. don't say the taliban subpoena only in pakistan. they are in the regions -- so they are in part of the landscape. it is something that should be identified by the peace council, the iran government, whatever we can do to help
government and the iran government on this issue. this is basically a problem between these two governments, it is not a problem with pakistan. you should know there is all kinds of spectrums in pakistan and there are many in pakistan, who i think, believe that the presence of foreign troops are also sustains the argument of the militants that they must continue this struggle as long as the forces are there. as i have said, there would be this perception that this issue, the continuation may...
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[applause] through these chris sis, government work, new york state government worked, the agent heads deserve credit, the people who drive the trucks deserve credit t people who drive the heavy equipment deserve credit, let's give the state workers a round of applause for their great work. [applause]
[applause] through these chris sis, government work, new york state government worked, the agent heads deserve credit, the people who drive the trucks deserve credit t people who drive the heavy equipment deserve credit, let's give the state workers a round of applause for their great work. [applause]
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i think it was marine procedure rather than government edict. >> sir? >> my name is michael chaplin. i am a former student of prof. rose. i am wondering if that changed how you reported. >> yes, it was kind of a gauntlet thrown down by ira glass, who came on and said, "npr is not defending itself against this canard. it is just not true. why do you not find out?" we went through. we had a lot of people who were critical of npr but were listeners. most people who criticized it had never heard it. it was just a word on fox news. they never listen to it. we got several listeners who were not supporters. they liked the content, but they were very biased, so we took apart their anecdotal experiences, and we examined them closely for some clues, and then we did some quantitative stuff based on pew and other research outlets who had attempted to evaluate media, and ira said it changed the way that he was reporting, but i cannot say it changed mine. i know that will endear me to all of our critics, but we try to disclose exactly who we are in a way that npr as
i think it was marine procedure rather than government edict. >> sir? >> my name is michael chaplin. i am a former student of prof. rose. i am wondering if that changed how you reported. >> yes, it was kind of a gauntlet thrown down by ira glass, who came on and said, "npr is not defending itself against this canard. it is just not true. why do you not find out?" we went through. we had a lot of people who were critical of npr but were listeners. most people who...
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this is somebody who wants to govern, wants to get things done. senator mcconnell deserves credit for stepping up when the speaker could not get anything done in the house, to be willing to negotiate, to do something bipartisan. i vehemently oppose what he did on agriculture, but i think he does deserve credit for being willing to reach out and work with the white house. to me, what happened with the fiscal cliff was not about the two senate leaders. it was about the fact that the house could not get any agreement to do anything. they could not pass anything. the speaker then send that back to the republican leader in the senate to say i cannot even pass a bill that has people up to $1 million without tax increases. people are protected up to $1 million. he send that back to mitch mcconnell to work with the white house. in the end, what we will see in the senate is the ongoing back- and-forth of ideas, hopefully fewer filibusters. we have all had to deal with more filibusters than at any other time in our history. we are happy to fight it out like
this is somebody who wants to govern, wants to get things done. senator mcconnell deserves credit for stepping up when the speaker could not get anything done in the house, to be willing to negotiate, to do something bipartisan. i vehemently oppose what he did on agriculture, but i think he does deserve credit for being willing to reach out and work with the white house. to me, what happened with the fiscal cliff was not about the two senate leaders. it was about the fact that the house could...
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Jan 13, 2013
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one big government and more government. the bottom line is this doubles the debt in 10 years and is fiscally irresponsible. the decisions we make in congress are about what kind of money are we going to pull out of people's pockets and give to someone else. i find it reprehensible we continue to talk about investments and other things when we are pulling money from people's pockets to try to give it to somebody else. the most important thing we can do is allow money to stay in their own pockets. it is the american people's money, not congress or the white house. i want to get very specific. this budget is a down payment was one of the things i believe you said yesterday. a down payment on mortgaging our future. it exacerbates the problem, it doesn't actually solve it. i want to talk about part of your testimony on page 6. "to stay on a path for sustainable deficits -- that seems like an oxymoron to me. we are paying $600 million a day just in interest. i would appreciate at a future date to please try to find -- try to defi
one big government and more government. the bottom line is this doubles the debt in 10 years and is fiscally irresponsible. the decisions we make in congress are about what kind of money are we going to pull out of people's pockets and give to someone else. i find it reprehensible we continue to talk about investments and other things when we are pulling money from people's pockets to try to give it to somebody else. the most important thing we can do is allow money to stay in their own...
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Jan 6, 2013
01/13
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they need to hear from their government that their government is with them just as it has been with everybody else in this country. i, for one, wherever the disaster may be, want to say that we've got to support them. i say to this congress, let's make sure as we put forward this promissory note because we cannot go back home. i don't think a democrat or a republican can go back home after january 15 and say that the promissory check has bounced of insufficient funds. we have to come back collectively and say to the people that are suffering that they in fact have been helped by their government by their people and i yield back the balance of my time. >> gentleman's time has expired. the gentleman from new jersey is recognized for 2.25 minutes. >> thank you, madam chair and thank all those who have come to the floor to address this situation. for those of us who live in the affected area, our heart goes out to the families, the moms, the dads, the little children, the senior citizen who is have lost everything -- homes that have been inundated with water so it's non-recognizable anymore, home
they need to hear from their government that their government is with them just as it has been with everybody else in this country. i, for one, wherever the disaster may be, want to say that we've got to support them. i say to this congress, let's make sure as we put forward this promissory note because we cannot go back home. i don't think a democrat or a republican can go back home after january 15 and say that the promissory check has bounced of insufficient funds. we have to come back...
117
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Jan 8, 2013
01/13
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>> the problem is the us government does not know what its intentions are. we have not faced that question or decided. there is a lot of complacency with the status quo. that is indefinitely. things in taiwan have gotten better. on the islands dispute, the initial american reaction was a statement from the state department saying the united states does not take a position on the islands. we say it is covered by the us- japan treaty. maybe that is creative. it is an invitation to miscalculation. that is why i worry. if you asked those americans, what should the united states to in the event of a crisis over these islands or over taiwan, they would not really be sure. what will recent me is the repetition of situations we face in 1950 and 1990. paul indicated a concern like this. before june 25, 19th it the, general macarthur and secretary of defense said south korea was not inside the us defense perimeter. when the invasion took place, and truman focused on it, the reaction was to fight. the same thing happened in the invasion of kuwait. it was an unexpected
>> the problem is the us government does not know what its intentions are. we have not faced that question or decided. there is a lot of complacency with the status quo. that is indefinitely. things in taiwan have gotten better. on the islands dispute, the initial american reaction was a statement from the state department saying the united states does not take a position on the islands. we say it is covered by the us- japan treaty. maybe that is creative. it is an invitation to...